#以太坊行情技术解读 Recently, market fluctuations have been intense, but on-chain data shows that large addresses are quietly positioning — this is the most noteworthy signal.

According to on-chain monitoring, major holders have opened nearly $560 million in long positions. Among them, $BTC has a single long position of $92.32 million, with an average price around 91,506; $ETH's activity is even more aggressive, directly deploying $450 million in longs, with an average price of 3,179. Even $SOL is no exception, with an open position of $13.72 million.

What does this all-in long rhythm indicate? Either they have a clear judgment on the future market or their historical experience makes them keenly aware of the turning points. Remember the panic liquidation wave at the beginning of last year? It was these big players accumulating against the trend at the bottom, ultimately earning huge profits.

The current situation is somewhat similar — the market has experienced a sharp decline, panic emotions are spreading, but smart capital is quietly building positions. Such dislocation often breeds opportunities.

Of course, following the trend requires caution, but observing the movements of major players and understanding market logic are essential lessons for traders. Most of the time, choosing the right direction and understanding the trend are more decisive than mere trading techniques.